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Accounts & Products
 

Cash Solutions

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Attractive yields and smart cash features

At Schwab, we know that cash is an important part of your financial life. We offer many ways for you to get the most out of your cash investments. A Schwab brokerage account already includes a cash feature that earns you a return while you take time to make an investment decision. Compare the additional cash offerings below to find the right solutions for your needs.

  • Everyday needs

    Pay bills, make mobile deposits, and more.

    • Schwab Bank High Yield Investor Checking® Account

      Save on bank fees when you take advantage of this convenient option for your daily spending needs.

      Offered through Schwab Bank

      • APY*1,6
      • No monthly account service fees and unlimited ATM fee rebates2
      • Easy transfers to your linked Schwab One® brokerage account1
      • FDIC-insured up to $250,0003
      • Open an Account
      • Schwab Bank High Yield Investor Checking® Account
        • Free online and mobile bill pay
        • No foreign transaction fees4
        • No minimum balance1
        • Free standard checks and unlimited check writing
        • Pay with Apple Pay®
        • Deposit checks using the Schwab Mobile app5 for iPhone®, iPad®, and Android
        • Schwab Bank Visa® Platinum Debit Card with EMV chip for added security
        • Visa Checkout® capability

        Learn more about High Yield Investor Checking

  • Savings and investments

    Earn a higher yield with cash products that help you preserve your principal and provide easy access to your funds.

    • Schwab Bank High Yield Investor Savings® Account

      Get a competitive yield regardless of your balance—and keep your liquid savings growing.

      Offered through Schwab Bank

      • APY*6
      • No minimum balance or monthly account service fees
      • Same-day access to funds
      • FDIC-insured up to $250,0003
      • Learn More
      • Schwab Bank High Yield Investor Savings® Account
        • Easy transfers between your Investor Savings and your Schwab brokerage accounts

          Note: As with any savings account, you are limited to six monthly withdrawals.

        Learn more about High Yield Investor Savings

    • Schwab Purchased Money Funds

      Earn taxable or tax-exempt7 income while seeking stability of capital and liquidity.

      Offered through a Schwab brokerage account

      • 0.XX%–0.XX% Yields
      • No transaction fees8 and a low initial investment (starts at $2,500)
      • Next-day access to funds
      • Seeks to preserve $1.00 per share
      • Open an Account

        Already a client?
        Buy Schwab Purchased Money Funds

      • Schwab Purchased Money Funds
        • Easy access to your cash investment (next business day if sold by 4 p.m. Eastern time)
        • Either taxable or tax-exempt income7
        • Prime, municipal, and government money funds
        • Money funds available for retail and institutional accounts

        Learn more about Purchased Money Funds

    • Certificates of Deposit (CDs)

      Protect your principal and earn an attractive, fixed rate of return with CDs from Schwab CD OneSource®.

      Offered through a Schwab brokerage account

      • APY‡9
      • One-stop marketplace for CDs
      • Fixed term
      • FDIC-insured up to $250,000 per bank9
      • Open an Account

        Already a client?
        Buy CDs

      • Certificates of Deposit (CDs)
        • Easy online transactions in your Schwab account or through a Fixed Income Specialist
        • CDs allow you to lock in a rate for a set period of time and get a predictable payout
        • Extend your FDIC coverage10 and get attractive rates within one brokerage account through Schwab CD OneSource®, a marketplace of CDs from banks across the U.S.

        Learn more about CDs

  • *Annual Percentage Yield
  • Yields shown reflect 7-day yield with all applicable waivers.
  • Annual Percentage Yield displayed includes 1 month to 1 year.

Money fund investors should carefully consider information contained in the money fund prospectus, or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a mutual fund prospectus by calling Schwab at 1-800-435-4000. Please read the prospectus carefully before investing.

  1. 1. Schwab Bank High Yield Investor Checking® accounts are available only as linked accounts with Schwab One® accounts. There are no minimum balance requirements, minimum balance charges, or minimum trade requirements in order to open or maintain the Schwab One brokerage account when it is opened with a linked High Yield Investor Checking account.
  2. 2. Unlimited ATM fee rebates apply only to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 1-888-403-9000. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.
  3. 3. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000 based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC). All deposits in your Schwab Bank checking and savings accounts and those deposited at Schwab Bank through the Bank Sweep feature on your Schwab One® brokerage account, held in the same capacity, are added together to determine your total amount of FDIC insurance coverage at Schwab Bank.
  4. 4. If you use your card to withdraw foreign currency from an ATM or to pay for a purchase with foreign currency, we charge your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate and calculation of the U.S. dollar equivalent will be done by the bank at which you conduct the transaction, the network to which the ATM belongs, or Visa®. The bank or network may also charge a fee.
  5. 5. Schwab Mobile Deposit service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed, and standard hold policies apply. Requires a wireless signal or mobile connection.
  6. 6. The Annual Percentage Yield (APY) quoted for this Charles Schwab Bank account, with a minimum balance of $0.01, is current as of the date shown. This rate is variable and may change without notice.
  7. 7. May be subject to state, local, and the Federal Alternative Minimum Tax. Capital gains are not exempt from Federal taxes.
  8. 8. Fund expenses and other fees may apply.
  9. 9. CDs from Schwab CD OneSource® are issued by FDIC-insured institutions and are subject to change and system access. Funds are FDIC-insured up to $250,000 per depositor per insured institution, based on account ownership type. Visit www.fdic.gov for details. For most CDs, there are no additional commission charges when you buy a CD through Schwab CD OneSource. However, there may be costs and market value adjustments associated with early redemption. Certificates of deposit available through Schwab CD OneSource typically offer a fixed rate of return, although some offer variable rates. Certificates of Deposit (CD’s) available through Schwab CD OneSource typically offer a fixed rate of return, although some offer variable rates.The Annual Percentage Yield (APY) quoted are current as of the date shown and pertain to terms ranging from 1 month to 1 year. The minimum quantity is generally $1,000 face amount, but may vary by offering. CD’s may be subject to an early withdrawal penalty.
  10. 10. Funds deposited at an FDIC-insured institution are insured, in aggregate, up to $250,000 per depositor, per insured institution, based upon account type, by the Federal Deposit Insurance Corporation (FDIC). The FDIC considers any other deposits you may have with an issuing bank. CDs you purchase from a particular bank are aggregated with any other deposits you may have with the issuing bank for purposes of determining FDIC insurance coverage (e.g., if you already have deposits of $250,000 with a bank, CDs you purchase from the same bank in the same ownership category may not be covered). Because the deposit insurance rules are complex, you may want to use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) to estimate your total coverage at any particular bank.

All Schwab Money Funds with the exception of Schwab Variable Share Price Money Fund: You could lose money by investing in a money market fund. Money market funds seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. All Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab Treasury Obligations Money Fund, Schwab Government Money Market Portfolio, and Schwab Retirement Government Money Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The money market fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Schwab Variable Share Price Money Fund: You could lose money by investing in a money market fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Charles Schwab & Co., Inc. (“Schwab”) and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation (“Charles Schwab”). Brokerage products, including the Schwab One brokerage account, are offered by Schwab, Member SIPC. Deposit and lending products and services, including the High Yield Investor checking account, are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab Funds®, and Schwab, Member SIPC, the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of Charles Schwab.

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©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.